Granite Harbor Advisors Inc. Acquires 199 Shares of RTX Corporation $RTX

Granite Harbor Advisors Inc. grew its stake in RTX Corporation (NYSE:RTX) by 11.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,974 shares of the company’s stock after purchasing an additional 199 shares during the quarter. Granite Harbor Advisors Inc.’s holdings in RTX were worth $288,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in RTX. Nuveen LLC acquired a new stake in RTX during the 1st quarter worth $916,739,000. Goldman Sachs Group Inc. raised its stake in shares of RTX by 28.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company’s stock valued at $845,784,000 after purchasing an additional 1,394,918 shares during the period. Vanguard Group Inc. raised its stake in shares of RTX by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock valued at $15,873,541,000 after purchasing an additional 1,357,328 shares during the period. 1832 Asset Management L.P. raised its stake in shares of RTX by 1,178.2% in the 1st quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company’s stock valued at $160,588,000 after purchasing an additional 1,117,506 shares during the period. Finally, Zurich Insurance Group Ltd FI bought a new position in shares of RTX in the 1st quarter valued at about $130,194,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Up 2.8%

Shares of RTX stock opened at $177.86 on Thursday. The company has a 50 day moving average of $160.11 and a 200-day moving average of $146.72. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $178.76. The firm has a market cap of $238.07 billion, a P/E ratio of 36.52, a PEG ratio of 3.10 and a beta of 0.66.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.45%. The business had revenue of $22.48 billion during the quarter, compared to analyst estimates of $21.26 billion. During the same period in the previous year, the business earned $1.45 EPS. RTX’s revenue was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Sell-side analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on RTX shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $195.00 price objective on shares of RTX in a report on Wednesday, October 8th. Barclays boosted their price target on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. JPMorgan Chase & Co. upped their target price on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Susquehanna upped their price target on shares of RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday. Finally, Sanford C. Bernstein increased their price objective on RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $175.80.

Insider Buying and Selling at RTX

In other RTX news, insider Philip J. Jasper sold 12,847 shares of the business’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $157.82, for a total value of $2,027,513.54. Following the completion of the sale, the insider directly owned 17,684 shares of the company’s stock, valued at $2,790,888.88. The trade was a 42.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the sale, the insider directly owned 16,442 shares of the company’s stock, valued at $2,551,798.40. This represents a 31.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,469 shares of company stock valued at $7,364,841 in the last three months. Company insiders own 0.15% of the company’s stock.

About RTX

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.